[Ntrails]

> I don't think it should be up to the government to back these risks, because if banks think the government will always rescue them, they don't need to care as much about risky investments.

Counterpoint - if depositors had known that the bank could not lose their money, because the government will back it, there would be no run on the bank. Why bother? It's _safe_ by design. I do agree with the general point, and there are huge questions around capitalisation and marking with long term debt etc.

What's most interesting here to me is the inaction within SVB when they could have been fixing these problems for survivable losses early, but instead tried to ride the storm.

I'd love to read some of those meeting minutes...